The simple interest on a principal amount (in ₹) is ₹177 for a period of 5 years at the rate of 2% per annum.

Solution / समाधान

We know,

Simple Interest
$SI = \frac{P \times R \times T}{100}$

Given:

$SI = 177$

$R = 2%$

$T = 5$ years

Substituting the values:

$177 = \frac{P \times 2 \times 5}{100}$

$177 = \frac{10P}{100}$

$177 = \frac{P}{10}$

$P = 177 \times 10$

P = 1770